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Gribbons Corp. purchased a machine for processing industrial waste for $45,000 on January 1,2018. The...

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Accounting

Gribbons Corp. purchased a machine for processing industrial waste for $45,000 on January 1,2018. The machine is expected to have a four-year life, with a residual value of $5,000 at the end of four years.
Using the sum-of-the years'-digits method, depreciation for 2019 and book value at December 31,2019, would be:
$13,500 and $8,500.
$12,000 and $17,000.
$13,500 and $13,500.
$12,000 and $12,000.
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